June 2017 Kuwait Facility Management Market Outlook to 2021
MARKET SEGMENTATION BY SERVICES TYPE( HARD SERVICES / SOFT SERVICES) Soft Services have dominated the market of Facilities management in Kuwait over past few years. Soft services are those services which require human skill to perform. These services include housekeeping, security, business support services, Access card management, special investigations and others. Soft Services market has increased at a CAGR of ~% during 2011 to 2016. Development in the hospitality industry and hotels in Kuwait has amplified the demand for housekeeping services in the region. The commercial sector is the largest contributor in the soft services market which has accrued most of the revenues in the soft Facilities management services market. Hard services have added a percentage share of ~ in terms of revenues in 2016. Hard Services market has increased at a CAGR of ~% during 2011 to 2016. The absolute value of hard services is increasing over the past five years owing to the growing number of supermarkets and hyper markets in the country. Super & hyper markets require regular maintenance of AC and refrigerator system, resulting in the increasing demand for HVAC services. Table: Kuwait Facilities Management Market Segmentation by Hard Services & Soft Services on the Basis of Revenues in Percentage(%), 2016
Revenues in
Segments
Percentage(%)
Soft Services |
~ |
Hard Services |
~ |
Total |
~ |
MARKET SEGMENTATION BY INTEGRATED SERVICES, SINGLE SERVICES AND BUNDLED SERVICES Single services are the largest contributor in the industry with the share of ~% in the revenues of the industry in 2016. Single Services have separate contracts for specific service, which is placed with specialist providers. The major demand for single services is coming from residential sector. Residential sector majorly demands for single Facilities service such as cleaning, washing, housekeeping, maintenance and others. Integrated services have contributed a share of ~ % in the revenues of the industry. Integrated Facilities management services are offering consolidated services from cleaning services to IT management services. All the services are offered under one contract and one management team. Bundled services are the least contributor in the market with the share of ~% in 2016. Bundled services are grouped into hard and soft bundles such as a bundled package will cover building fabric, M & E, lifts and another package will cover catering, cleaning, hospitality and security. Table: Kuwait Facilities Management Market Segmentation by Integrated Services, Single Services and Bundled Services on the Basis of Revenues in Percentage(%), 2016
Revenues in
Segments
Percentage(%)
Single Services |
~ |
Integrated Services |
~ |
Bundled Services |
~ |
Total |
~ |
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